The Industrialization of American began in the early 1800’a when Samuel Slater brought new manufacturing technologies from Britain to the U.S. and founded the first U.S. Cotton Mill in Massachusetts. However‚ the period following the civil war changed the industry immensely‚ especially due to the creativity of American Inventors. Innovations in transportation such as the rail road‚ the size of the American market due to the use of an abundance of raw materials‚ and incredibly versatile inventors
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almost six years‚ the world economy has entered a period of uncertainty due to a financial turmoil triggered by the subprime mortgage crisis in the United States of America (USA). During 2002 to 2007‚ the world economic growth averaged 4.5 percent per annum compared to 3 percent in the 1990s. The sudden gloom in world economic prospects has come as a surprise in view of the persistent economic growth and stability. The crisis initially affected advanced economies and then its contagion spread
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the government needs more funds so they issue a large number of debentures. These debentures cause a big financial burden and lead the debt crisis broke out. The social welfare is also one of reason for debt growth in US; another main reason for debts and deficit increase is because US takes many military operation and some counter-terrorism measures，these measure increase government spending. The heavy borrowing to develop technology and other non-developed sectors is the reason leads the government
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Mixed economy -Both the state and private sector direct the economy -All of the economies are mixed economy since no economy is running pure planned economy or market economy -Market price decided by both market and states (i) Allocation Function: Government has to provide for public goods. Public goods such as national defense‚ government administration and so on are different from private goods. These goods cannot be provided through market mechanism but are essential for consumers and
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Peru is ranked 7th out of the 29 South America Countries in terms of economic freedom‚ with an overall score of 68.2‚ and putting it about the world average The Peruvian economy continues to be “moderately free”‚ and overall competitiveness has been promoted and sustained by ongoing regulatory reforms and open-market policies that support trade and investment. Social conflict surrounding large-scale mining projects undercuts economic stability‚ entailing elevated risks for long-term economic
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United Arab Emirates (UAE) economy The United Arab Emirates economy is one of a kind that is referred as an open economy. The economy has very high per capita income with substantial annual trade surplus. The economy’s GDP that relates to oil and gas output has so far reduced in percentage up to 25%. This reduction has been experienced due to the successful efforts made in diversifying the economy (Katzman‚ 2010). UAE for a long time in the past was known to be a poor economy characterized by fishing
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In the early 1800’s‚ the ideal woman was a sophisticated being. Intelligence‚ virtue and wittiness were all key character traits that every male would have fallen for in a female. However‚ this idea of the perfect woman has taken a huge leap backwards in modern society. Men have drastically changed their views on ‘what is hot and what is not’ in a female. Should men still be pursuing the ideal woman represented in the 1800’s? More importantly‚ does the contemporary mentality of the ideal woman yield
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a parliamentary system‚ proportional representation and universal suffrage. The Prime Minister serves as head of government and the Knesset serves as Israel’s unicameral legislative body. Israel has one of the highest life expectancies in the world. The economy‚ based on the nominal gross domestic product‚ was the 41st-largest in the world in 2010‚ with a very high standard of living‚ which is the highest in the Middle East. Israel’s financial centre is Tel Aviv‚ while Jerusalem is the country’s most populous
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during the 1800s changed drastically. In the beginning of the century‚ a woman had few freedoms‚ and her identity was linked directly with her husband and his property. She had no right to her own property‚ money children or any privileges as far as voting or statements in any law making decisions. As things progressed in the 1800s‚ things moved forward for women. They gained more rights‚ including the right to vote. Although there were many other major changes for women in the 1800s that were also
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been analysed by economic or political aspects. However “the polity is much more influenced by economic developments than many political scientists have admitted‚ and the economy is much more dependent upon social and political developments than economists in general have appreciated” (Gilpin‚ 2010 : 25). Therefore‚ Political economy combines political and economic theory to evaluate states and societies. In addition regional studies give a chance to concentrate on one item deeply in a huge international
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